Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) Sees Significant Growth in Short Interest

Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 16,359 shares, a growth of 47.0% from the August 31st total of 11,128 shares. Based on an average daily trading volume, of 154,514 shares, the short-interest ratio is presently 0.1 days.

Eaton Vance Enhanced Equity Income Fund II Price Performance

Shares of EOS traded down $0.03 during trading hours on Thursday, reaching $21.27. 140,505 shares of the company traded hands, compared to its average volume of 131,109. Eaton Vance Enhanced Equity Income Fund II has a 12-month low of $19.44 and a 12-month high of $24.35. The business has a fifty day moving average price of $21.49 and a 200-day moving average price of $21.72.

Eaton Vance Enhanced Equity Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.1523 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.83 dividend on an annualized basis and a yield of 8.6%.

Institutional Trading of Eaton Vance Enhanced Equity Income Fund II

Large investors have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. purchased a new position in shares of Eaton Vance Enhanced Equity Income Fund II in the fourth quarter worth about $2,398,000. 1607 Capital Partners LLC purchased a new stake in Eaton Vance Enhanced Equity Income Fund II in the fourth quarter valued at approximately $2,154,000. Integrated Capital Management Inc. acquired a new position in Eaton Vance Enhanced Equity Income Fund II in the 2nd quarter worth approximately $380,000. World Investment Advisors increased its holdings in Eaton Vance Enhanced Equity Income Fund II by 148.1% in the 4th quarter. World Investment Advisors now owns 26,873 shares of the company’s stock worth $629,000 after buying an additional 16,043 shares during the period. Finally, Royal Bank of Canada raised its position in Eaton Vance Enhanced Equity Income Fund II by 4.5% during the 1st quarter. Royal Bank of Canada now owns 366,367 shares of the company’s stock worth $7,496,000 after buying an additional 15,912 shares during the last quarter.

Eaton Vance Enhanced Equity Income Fund II Company Profile

Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of mid-cap and large-cap companies. It generates current earnings from option premiums by selling covered call options on a substantial portion of its portfolio. The fund benchmarks the performance of its portfolio against the Russell 1000 Growth Index, the CBOE S&P 500 BuyWrite Index, and the CBOE NASDAQ-100 BuyWrite Index.